PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS & RECISTERED AUDITOFIS REGISTERED CHARITY NUMBER= 105664 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR GREAT OAKS CHURCH NI Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Ferfflanagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered to carry oul audit work and regulated for a range of investment business activities in the United Kingdom by the Institute of Chartered Accounianls in Ireland
GREAT OAKS CHURCH NI CONTEIYTS OF THE FINANCIAL STATEMENTS ror the Year Ended 31 DECEMBER 2023 Page Report of the Trustees Independent Examiner's Report Slatement of Financial Aetivities Balance Sheet Notes to the Financial Statements 6 to 10
GREAT OAKS CHURCH NI REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted ihe provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTIVES AND AcfiviTIES Objectives and aims The objectives of the Church are the advancement of the Christian religion, in particular to the North West of Ireland, for the benefit of the public. ACHIEVEMENT AND PERFORMANCE The Charity holds Christian meetings in church buildings and homes. We preach and teach the Bible. We encourage and guide people to become Christians and live by the Bible. We praise and worship God together. We share communion around the Lord's table. We pray for one another and the needs of others. We visit the sick and elderly and pray for God to heal, bless and comfort them. We explain and demonstrate the love that God has for people by creating a family atmosphere in our meetings. We train and promote people with gifts in speaking, singing and music. We provide fellowship by showing hospitality and sharino meals together. We help and support those with various needs. We support the local food bank by giving food on a regular basis. We train and equip those who believe they are called to the ministry. We support ihose who choose to go to Bible College for further trdining. We plant new churches for people in other geographical areas with people who are sufficiently trained to lead the meetings and continue to support them. We invile speakers from other church groups. We are in association with a larger church in Ireland and draw from their experiences, wisdom and strength. We gather funds from tithing. gifts and by other methods to enable us to do all the things we do. FINANCIAL REVIEW The total income for the year ended 31 December 2023 amounted to £43.188 (2022= £33.008) of which £36.143 (2022: £27,710) related to tithes, offerings and gifts. Gift aid refijnds received amounted to £7,015 in the year ended 31 December 2023 (2022: 5,297). The total expenditure for the year ended 31 December 2023 amounted to £41,042 (2022: £33,477). At the end of the year the Charity had a balance in the Bank Account amounting to £2,262 compared to £706 at 31 December 2022. The Charity also had loans amounting to £13,068 at the year end compared to £7,858 at 31 December 2022. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a constitution and is therefore an unincorporated charity. It was registered with the Charity Commission for Northern Ireland on 31 August 2016 and was fom]erly known as Hillhead ChTlStian Fellowship. The Management of the Charity is the responsibility of the Charity Trustees. All of the Trustees have served since their appointment, during the financial year ended 31 Decernber 2023 and up to the date of approval of the financial statements. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 105664 Page I
GREAT OAKS CHURCH NI REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023 Principal address 82 Rainey Street Magherafelt Co. Londonde BT455AH Trustees Mr L Mcswiggan MrDWatt Mr B White Independent Examiner Thomas Satnuel Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fernianagh Bf74 7BT Approved by order of the board of trustees on 17 October 2024 and signed on its behalf by= Trustee Page 2
PRS Patton Rainey I Stenson Limited CHAATERED ACCOUNTANTS & REGISYEAED AUDITOAS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREAT OAKS CHURCH NI I report on the accounts of the charity for the year ended 31 December 2023, which are set out on pages four to ten. Respective responsibilities of eharity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charlties Act (Northern treland) 2008. It is my responsiblÈty to- examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Conunission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have cotne to my attention. Basis ofthe independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a compartson of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity tNstees concerning any such matters. My role is to state whether any material matters have Come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further infortnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my exatnination and have no concerns in respect of the matters (l) to (4) listed above and, in connectton with following the Directions of the Charity Colntnission for Northern Ireland. I have found no tnatters that require drawing to your attention. Thomas saUe1 Patton FCA Patton Rainey Stenson Liniited Chartered Accountants 6 East Bridge Street Enni5killen Co. Fennanagh BT74 7BT 17 October 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and regulated lor a range ol investment busines5 activities in the United Kingdorn by the Inslilule ol Charterecl Accountartis in Ireland
GREAT OAKS CHURCH NI STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023 31.12.23 Unrestricted rund 31.12.22 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 43,158 33,007 Investment income 30 Total 43,188 33.008 EXPENDITURE ON Charitable activities Charitable activities 41,042 33.477 NET INCOME/(EXPENDITURE) 2,146 (469) RECONCILIATION OF FUNDS Total funds brought forward (7,152) (6,683) TOTAL FUNDS CARRIED FORWARD 5,006) 7.152) The notes forni part of these financial statements Page 4
GREAT OAKS CHURCH NI BALANCE SHEET 31 DECEMBER 2023 31.12.23 Unrestricted fund 31.12.22 Total fijnds Notes CURRENT ASSETS Debtors Cash at bank 5,800 2,262 706 8,062 706 CREDITORS Amounts falling due within one year (13,068) (7.858) NET CURRENT ASSETS/(LIABILITIES) 5.006 TOTAL ASSETS LESS CURRENT LIABILITIES (5,006) (7.152) NET ASSETSI(LIABILITIES) 5.006 7.152) FUNDS Unrestricted funds 5,006) TOTAL FUNDS 5,006 7.152) The financial statements were approved by the Board of Trustees and authorised for issue on 17 October 2024 and were signed on its behalf by: Trustee The notes forn) part of these financial slatements Page 5
GREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordaThce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act (Northern Ireland) 2008. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be Tequired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings ihat aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt frorn t&x on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted ndS can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fimds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. INVESTMENT INCOME 31.12.23 31.12.22 Deposit account interest 30 TRUSTEES, REMUNERATION AND BENEFITS During the current year one of the Trustees Lawrence Mcswiggan was in receipt of remuneraÉion in relation to his role as a pastor of the Church . The total of such remuneration during the year was £16,839 (2022=£16,953). Another Trustee, Barry White, received a gift of £1,025 for his visits to minister at the Church (2022- £200) Page 6 continued...
CREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2023 TRUSTEES, REMUNERATION AND BENEFITS- continued Trustees, expenses During the year one of the Trustees Lawrence Mcswiggan also received reimbursed expenses relating to repairs to the Church , travel, ministy and other expenses amounting to £2,301(2022'. £1,059). All of these expenses related to the Church and no Trustee received reimbursement of expenses in their role as tnjstee. There were no other related party transactions. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtVlTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 33,007 Investment income Total 33.008 EXPENDITURE ON Charitable activities Charitable activities 33.477 NET INCOMEI(EXPENDITURE) (469) RECONCILIATION OF FUNDS Total funds brought forward (6.683) TOTAL FUNDS CARRIED FORWARD 7.152 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Loan 5,800 During the year the Church received a loan of £ l 0,000 from a third paty. It was requested that this be advanced to one of the Trustees Lawrence Mcswiggan as a short tenn loan. At 31 December 2023 the loan has been reduced to £5.800. During 2024 this loan has been fully repaid. Page 7 Continued...
GREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Bank loans and overdrdfts (see note 7) Other loans (see note 7) 5,780 7,288 6,558 1.300 13,068 7,858 LOANS An analysis of the maturity of loans is given below: 31.12.23 31.12.22 Amounts falling due within one year on demand: Bank loans Other loans 5.780 7.288 6.558 1.300 13,068 7,858 MOVEMENT IN FUNDS Net movement in fund5 At 31.12.23 At 1.1.23 Unrestricted funds Generdl fund (7,152) 2,146 (5,006) TOTAL FUNDS 7.152) 2,146 5,006 Net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 43,188 (41,042) 2,146 TOTAL FUNDS 43,188 41,042) 2,146 Page 8 continued...
GREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMENTS- eontinued for the Year Ended 31 DECEMBER 2023 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in llds At 31.12.22 At 1.1.22 Unrestricted funds Generdl fund (6,683) (469) (7,152) TOTAL FUNDS 6.683) 469) Comparative net movement in nds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 33,008 (33.477) (469) TOTAL FUNDS 33.008 33,477) A current year 12 monihs and prior year 12 months combined position is as follows: Net movement in funds At 31.12.23 At 1.1.22 Unrestricted funds General fund (6,683) 1,677 (5,006) TOTAL FUNDS 6,683) 1.677 5,006) A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 76,196 (74,519) 1,677 TOTAL FUNDS 76.196 74 519) 1.677 Page 9 Continued...
GREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMENTS- Continued for the Year Ended 31 DECEMBER 2023 RELATED PARTY DISCLOSURES There were no related paty trdnsactions for the year ended 31 December 2023. Page 10